Enness is one of the largest producers of million pound mortgages in the country. We have an unparalleled panel of lenders who are active in this area, many of whom only work with a handful of brokers.
Over the last few years, this sector of the market has been dominated by private and international banks. Recently, however, we have seen high street lenders start to re-enter this price bracket, adding a new level of competition. In addition, we are seeing a constant flow of fresh products and options in this sector; and we are always one of the first to be offered these new solutions.
WHAT DO I NEED TO KNOW ABOUT MILLION POUND MORTGAGES?
To secure the best million pound mortgage on a residential or buy to let basis you need to assess the entire market to make sure you are achieving the best possible terms. You also need to be able to weigh up a number of different ways of structuring the loan.
If you are looking for a million pound mortgage and have a standard income stream, little or no international exposure and can contribute 25% or more of the purchase price, that’s fantastic. We will be able to find you the most cost-efficient structure on an interest only or repayment basis.
If your income is more complicated – for example if you are self-employed, a non-dom or an expat – there are still plenty of routes open to you. Alternatively, if the property you wish to purchase is non-standard, our advisers will be able to assess the market and work closely with lenders on your behalf to find the best possible structure.
If you have any other assets which can be leveraged as part of the transaction, such as a personal pension or stock portfolio, our advisers will be able to use them to your advantage. Lender criteria and rates are much more flexible for million pound mortgages, and you may be able to achieve a higher loan to value or a lower rate than you expect.
HOW CAN ENNESS HELP WITH MILLION POUND MORTGAGES?
We are widely renowned as experts in this area and our advisers have a wealth of experience. Together they have the necessary contacts to assist applicants from all strands of professional life, from a first time buyer looking for the best possible terms to a borrower with multiple assets and overseas income streams.
We work with every lender in this sector and are not guided by commission, so you can be sure you are getting the best advice.